Not vested. From Dr. Check, The Standard HK:-
Seeds of hope in tractor makerBeijing recently indicated that it will invest
800 billion yuan (HK$910.4 billion) in agriculture this year, a move that will stimulate demand for agricultural and construction machinery.
With this in mind, let us take a look at First Tractor (0038), which is principally engaged in making and selling agricultural machinery in the mainland.
It also makes construction machinery, diesel engines, fuel injection pumps and fuel jets.
There is a high possibility that Beijing will increase subsidies to farmers to buy new equipment.
Last year the stock prices of automobile and electrical appliance makers surged after rural buyers of such products were given subsidies.
As of June, First Tractor's
net profit was up 115 percent from a year earlier to 188 million yuan.
Agricultural machinery sales accounted for 73 percent of revenue and more than 90 percent of income came from the mainland.
The stock has dropped from a high of HK$6.65, closing yesterday at HK$5.39.
Near HK$4.70, it looks like a healthy bargain.
http://www.thestandard.com.hk/news_deta ... 00210&fc=4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"